Business & Money | Tuesday 17 December, 2024 9:31 am

UAE Payments Revenue Pool Projected to Reach $27.3 Billion by 2028, Maintaining Strong Growth Trajectory

 The UAE’s payments industry is poised to achieve significant growth, with total revenues projected to reach $27.3 billion by 2028, according to the latest Global Payments Report 2024 from Boston Consulting Group (BCG). Despite a global slowdown in growth rates, the UAE continues to lead in...

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Business & Money | Tuesday 17 December, 2024 9:24 am

AI Use in the Utilities Sector to Receive Major Boosts as EtihadWE Signs MoU with New York University Abu Dhabi on the Sidelines of IDRA World Congress

Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with New York University Abu Dhabi to explore areas of collaboration in electricity and water. The exploration aims to identify and evaluate potential AI applications in the energy and water sectors that will be...

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Business & Money | Tuesday 17 December, 2024 9:17 am

Iraqi Securities Commission and Abu Dhabi Securities Exchange discuss mutual collaboration

 During an official visit to Abu Dhabi, His Excellency Mr. Faisal Al-Haimus, President of the Iraqi Securities Commission (ISC) met with Mr Abdulla Salem Alnuaimi, Group Chief Executive Officer of the Abu Dhabi Securities Exchange Group (ADX), one of the world’s fastest-growing exchanges....

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Business & Money | Monday 16 December, 2024 11:06 am

XRG, bp close deal to launch new natural gas platform 'Arcius Energy'

- XRG and bp today announced they have reached financial close and completed the formation of their new joint venture (JV) and international natural gas platform – Arcius Energy. Announced in February 2024, the JV is 51% owned by bp and 49% by XRG, ADNOC's transformative energy investment...

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Business & Money | Monday 16 December, 2024 11:04 am

UAE wraps up COP16 participation

The UAE concluded its participation in the 16th session of the Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification (UNCCD) by emphasising the importance of strengthening international cooperation to develop practical solutions for halting desertification and ...

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Business & Money | Monday 16 December, 2024 10:59 am

Falcon Technic secures GCAA approval for MRO operations

The General Civil Aviation Authority (GCAA) announced the granting of CAR 145 approval to Falcon Technic for its Maintenance, Repair, and Overhaul (MRO) operations. This milestone was unveiled at the Middle East and North Africa Business Aviation Association (MEBAA) Show 2024, reinforcing the UAE's ...

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Business & Money | Monday 16 December, 2024 10:57 am

RTA launches 'Logisty’ platform for freight transport

Dubai's Roads and Transport Authority (RTA), in collaboration with TruKKer – the region's leading digital freight platform – has launched "Logisty", a Digital Logistics Platform in partnership with the private sector. The platform aims to provide commercial transport services to customers...

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Business & Money | Monday 16 December, 2024 10:51 am

Dubai Department of Economy and Tourism briefs stakeholders on future plans

The Dubai Department of Economy and Tourism (DET) hosted its second City Briefing of the year, providing stakeholders with an overview of the department’s collaboration-focused initiatives and campaigns, and highlighting the vital role the tourism, events and related sectors continue to play in...

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Business & Money | Monday 16 December, 2024 10:48 am

UAE participates in 113th ministerial meeting of Arab Energy Organisation

The UAE participated in the 113th ministerial meeting of the Arab Energy Organisation (AEO), which took place today in the State of Kuwait, with the participation of ministers of oil and energy from the member states. The UAE delegation was led by Sharif Al Olama, Under-Secretary for Energy...

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Business & Money | Monday 16 December, 2024 10:43 am

Abu Dhabi Fund for Development finances 33 projects worth AED23 bn in Bahrain

The enduring partnership between the Abu Dhabi Fund for Development (ADFD) and the Kingdom of Bahrain stands as a testament to the strength of bilateral cooperation between the two sisterly nations and their shared commitment to sustainable development. Since 1974, ADFD has been playing a...

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